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SALVADOR officials added to U.S. blacklist.

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Written by   41
1 year ago

A document has recently been published in which multiple Salvadoran officials have been blacklisted by the United States in the fight against corruption.

Salvador announced the entry of bitcoin as a legal tender on 06/25/2021 which caused many problems such as the loss of credits that were pending with the international monetary fund.

Many of its inhabitants have the feeling of being robbed of their money because they cannot get it out of the ATM since it does not have liquidity all the time.

Why Nayid Bukele, opts for cryptocurrencies.

Mainly in his speech made at the national level he maintains.

Remittances at zero cost sending money from abroad, in addition to the opportunity of little friction exchange commenting that the cost is 0 in exchanging bitcoin for U.S. dollars.

Wester Union and Moneygram charge around 5% flat plus an additional amount, taking away the wealth of people sending their money to El Salvador.

He also added that it is an opportunity for the country to generate tourist circuits with its multiple beaches throughout its territory.

Bitcoin is recognized worldwide as an asset, no doubt someone will come to the country to occupy its various tourist areas.

Honduras has been a participant country in the different escalations in migratory waves to the United States in recent years raising the need for its inhabitants to find opportunities.

Their currency DXY against the US has been stable in recent months, showing that this decision has not deeply affected their overall economy.

What do you think about this measure, I value your comments very much.

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Written by   41
1 year ago
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Comments

This list has only been created concerning the current opposition since politicians from the past who have been accused of acts of corruption have not been included, the only difference is that those politicians were great promoters and defenders of the economic interests of the influential circle in the USA.

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1 year ago

"multiple Salvadoran officials have been blacklisted by the United States"

This is a common mistake media makes when referring to government policy.
The problem is that the policy is created and pushed by:
'multiple anonymous cronies' posing as 'USA officials'.

A more correct way to state this fact might be:

"multiple Salvadoran officials have been blacklisted by anonymous cronies who pose as government officials for the United States. No one knows who is behind the blacklist."

Whether the blacklist has merit remains for others to judge,
but any credible blacklist must be backed by names, faces, and facts.
Otherwise it is just rumor control.

Some other interesting factoids are noted at:
https://www.kroll.com/en/insights/publications/compliance-risk/engel-list-look-into-central-americas-corruption-risks
We might guess the blacklist has reason to be credible,
but the absence of multiple signatories means it is just a piece of paper.

A further example of media perfidy is exemplified at:
https://www.thomsonreuters.com/en/about-us/trust-principles.html
where no mention of substantiating government sources is mentioned.

What this means is:
Reuters can declare that anything anyone cares to submit is sourced by "government" officials.
Reuters has a massive credibility problem in that regard.

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1 year ago

Thanks for your comment I am very interested in how you break down the information.

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1 year ago